Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$262,277$262,277$416,700
Remaining term (yrs)24.724.730.0
Secondary amount$0$154,423$0
Funding fee$1,311$1,311$0
Note rate3.060%3.060%7.400%
Blended rate3.060%4.891%7.640%
1st payment$1,257.55$1,257.55$2,885.15
2nd payment$0.00$1,029.49$0.00
Taxes / mo$491.75$491.75$491.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.34
HOA / mo$75.00$75.00$75.00
Total monthly$1,990.96$3,020.45$3,701.90
Cash to close$200,723$46,300$46,300